An analysis of how flooding, the most frequent and costliest natural disaster in the U.S., will cause stress to the housing market in coming decades.
Flooding is the most frequent and costliest natural disaster in the United States. Scientists predict more serious flood losses in the future due to the combined forces of increasing development in areas subject to flooding and climate changes, including both changing storm and precipitation patterns and sea level rise. According to some estimates, coastal flooding may inundate two percent of the homes in the U.S. by 2100 due to sea level rise, with neighborhood effects, such as impassable roads, impacting far more residences. This will cause stress to housing markets in many locations over the coming decades.
FULL STORY: Flood Risk and Community Resiliency
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